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Arnold Clark donated 100,000 to anti-poverty charity and community of food banks through customer rewards programme In the lead up to Christmas, Arnold Clark ran an initiative on their app which saw the Group donate 2 towards Trussell for every Rewards member who opted in.
Chancellor Rachel Reeves has intervened in the motor finance commission case in a bid to protect banks and finance houses from paying out hundreds of millions of pounds in compensation to consumers. The judgment related to fixed commission motor finance agreements as well as DCAs, which the FCA banned in 2021.
A 23-year-old sent fake bank transfer screenshots to a dealer and drove off with the car. The man was arrested and sentenced to three years in prison, with 21 months suspended. His defense team claimed he had ADHD and autism, but he was sentenced anyway.
Attorney urges reinsurance company owners and managers to actively mitigate the real and growing risks of investment manager misconduct and bank insolvency.
Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program is a conversation with Jonathan Banks, vice president of product development & valuation services at J.D. The full conversation can be found below.
The landmark ruling by the Court of Appeal has thrown banks, dealers and car makers into a state of disarray, given that it effectively bans dealers from profiting on finance deals unless the buyer gives their consent. Among those gearing up for the worst is Lloyds Bank, as the owner of Black Horse, a leading lender of car finance.
Paragon Bank has appointed Dave Wilson as Managing Director of its Motor Finance division, following Julian Rance’s retirement. His 25 year career in financial services includes work with Close Brothers, Bank of Scotland and MotoNovo Finance. Wilson joined Paragon’s Motor Finance division in 2017.
Filed under: Renault Continue reading Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion originally appeared on Autoblog on Fri, 31 May 2024 22:57:00 EDT. Please see our terms for use of feeds.
The Supreme Cout is looking at the Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited and Hopcraft v Close Brothers cases. The FCA submits that motor dealer brokers do not typically owe fiduciary duties. Treating all motor dealer brokers as fiduciaries would be too sweeping an approach.
A new report from Deutsche Bank says Tesla plans to use remote drivers for robotaxis in 2025. On December 5, Deutsche Bank hosted an Autonomous Driving Day in New York City, featuring Tesla executive Travis Axelrod. Now, we know more about that plan based on documents from the Deutsche Bank meeting reviewed by Carscoops.
Rivian and Chase Bank launched a buyback scheme for Fisker Ocean owners. Rivian, teaming up with Chase Bank, is offering Fisker buyers a way out of their unfortunate predicament. Fisker owners can sell their car to Rivian or even use it in a trade for a new EV.
Sasquatch packages can be fitted on the Outer Banks or Badlands models Sasquatches add Bilstein shocks, all-terrain tires, skid plates, and other off-road accessories Every 2025 Bronco Sport comes with a 12.3-inch inch instrument cluster and a 13.2-inch
Affording a petrol, diesel or hybrid car in 2025 just got harder with one bank banning new car loans on these powertrains. As of February 2025, Bank Australia said it will now only offer car loans on electric vehicles (EVs), as it looks to double down on its 2035 carbon net-zero targets.
liter V6 with 330hp can be had as an option for the Outer Banks, and Heritage Edition, and is standard on the Stroppe. The entry-level 300hp 2.3-liter liter four-cylinder turbo engine is the only option for the Base, Big Bends, and Badlands trims. The more potent 2.7-liter
Born in Dublin in 1948, Jordan initially pursued a career in banking before discovering his passion for motorsport. Eddie Jordan, the charismatic former Formula 1 team owner and television personality, has died at the age of 76. He began racing karts in the early 1970s, eventually moving up to Formula Ford and Formula Three.
The Bank of America Securities’ latest annual Car Wars report sums up the industry’s current situation, with confusion over what powertrains to offer and a need to reduce EV costs highlighted. It suggests that the focus should be on reducing EV component costs and focusing on profitable gas vehicles.
New lights and bumpers will be added later in development, and it’s possible the 7-series could inherit some of the iX3’s interior features, such as the wide head-up display, but don’t bank on it.
A new report claims retailers could bank thousands of dollars on every 2024 / 2025 Charger Daytona they sell, and that’s before the inevitable markups enter the conversation. The official invoice price for one of those is $61,746, so if the dealer sells at MSRP, he could bank $3,246. For dealerships, it’s a windfall.
Last month Chancellor Rachel Reeves sought permission to intervene a bid to protect banks and finance houses from paying out hundreds of millions of pounds in compensation to consumers. It emerged yesterday that the Treasury had not been given permission to intervene and will now have to watch events for the sidelines.
With unemployment skyrocketing and banks failing, few Americans had the financial means to purchase vehicles, especially premium ones. Banks no longer issued auto loans, forcing buyers to rely solely on cash transactions, which most could not afford.
More: Gas Mustang Sales Crash 32% In Q1 But Mach-E And Bronco Are Killing It Dodge is banking on new additions to the Charger Daytona lineup to help turn things around. The fact that these cars are still clogging up lots 15 months after production ended suggests that while nostalgia sells, it might not sell fast.
European carmakers have been making bank in China for years, but now the profit stream has turned to a trickle, and no one knows this better than the retailers struggling to shift metal. A new price war in the country has led to unsustainable heavy discounting that’s putting retailers into the red.
The company, which is owned by four major banks including Barclays and HSBC, blamed rises in the cost of servicing, insurance and new cars, including EVs. Despite a 15% rise in the number of people joining the scheme last year, the firm posted a 564.6 million pre-tax loss for 2024, a huge drop from the 748m profits it recorded in 2023.
1407908075 The National Franchised Dealers Association (NFDA) today presented evidence to the Supreme Court, in the appeal against the decision on motor finance commission in Johnson v FirstRand Bank Limited, Wrench v FirstRand Bank Limited and Hopcraft v Close Brothers.
Predictably, the move is stirring up some controversy, but local officials are banking on the cameras to curb crashes and injuries. It’s now the first city in California to install fixed-speed cameras at 33 locations across town.
Toyota Australia is keen to reclaim the large SUV sales crown it will lose to the Ford Everest for the first time this year, and it’s well on the way with a solid order bank and an even bigger number of new-generation LandCruiser Prado 250 Series vehicles on their way Down Under in the next 12 months.
This process, while not new, has taken on renewed importance in the digital age, as banks and credit unions navigate the complexities of electronic asset management and seek to leverage their loan portfolios more effectively. These loans can represent a significant portion of a bank’s asset portfolio. Across the U.S.,
The move comes after some car makers paused sales in the wake of the Court of Appeal judgement, which also threw banks and dealers into a state of disarray, given that it effectively bans dealers from profiting on finance deals unless the buyer gives their consent. The lenders are expected to appeal the decision.
Retail banking, for example, has shifted from branch-centric models to digital-first interactions, allowing institutions to maintain service levels while reducing operational expenses. Rather than replacing staff, AI is best utilised as a tool that augments human decision-making, allowing teams to work more efficiently and effectively.
The Land Cruiser is just too expensive for most buyers in Europe, making the Duster an obvious choice for those who want to hit the trails without completely draining their bank account. That price tag. Still, there’s hope on the horizon for budget-conscious buyers caught between the two.
The two were on their way to a nearby bank to cash it. According to the seller who shared the story on a Reddit thread, the buyer had taken out a loan to purchase the Corvette and brought a check with him. However, things took a turn when the new owner pressed the throttle a little too enthusiastically.
Zopa Banks 2025 UK car dealerships survey has revealed dealer business priorities and the industrys key challenges. Tim Waterman, chief commercial officer at Zopa Bank, said: “Zopas 2025 UK car dealership survey captures a need to meet customers where they are online, offline and in between.
I can assure you our order bank remains strong, so we are optimistic for the future. Despite rampant competition, Mr Hanley is adamant there is scope for further sales growth at Toyota. Were expecting another strong year of sales above 220,000 vehicles, he said. Toyota Australias GR sports car range.
WINNING AUCTIONS PRICE MODEL $57,016 2016 Ford Focus RS $57,022 2022 Ford Bronco Wildtrak $75,022 2022 Ford F-250 Super Duty Lariat 4×4 $48,023 2023 Ford Mustang Mach-E Premium $68,022 2022 Ford Bronco Wildtrak $85,022 2022 Ford F-150 Lightning Lariat $87,022 2022 Ford F-150 Lightning Lariat $62,022 2022 Ford Bronco Wildtrak $34,022 2022 Ford (..)
Nissan is in a whole lot of financial trouble and is banking on a proposed merger with Honda and Mitsubishi to reverse its fortunes. Infiniti’s decline shows how outdated luxury strategies no longer resonate with buyers today. Weak sales of Rogue and Armada expose critical flaws in Nissan’s current SUV strategy.
It means that under the most lenient NVES targets in 2025, Toyota stands to bank a healthy amount of credits that it could then use to offset harsher targets in the future (theyre valid up to three years).
per cent to under 36 per cent last year leaving the Japanese brand searching for a long-term, steady shareholder such as a bank or insurance group to provide financial stability. Renault is wanting to further reduce its stake in Nissan having cut its holding from 43.4
Credit to School of Hard Knocks #privateequity #privateequitylife #privateequitysalary #finance #ownership #investor #investors ♬ original sound – financialolic On top of that, he’s faced charges of forging contracts, forging banking documents, and impersonating representatives from Aston Martin and a Cleveland car dealer.
TD Securities is a multinational investment bank and financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide. These panel experts represent leading companies making significant impacts in the industry.
These include discounted lithium and battery supplies from state-owned enterprises, tax breaks, favorable financing from state-controlled banks, and even cheap land to build factories. Despite these issues, BYD is pushing ahead with its manufacturing plants in Hungary and Turkey, which will allow it to skirt the EU’s tariffs.
Kia’s new K4 sedan has been spied testing in Europe ahead of a US launch later this year. The muscular-looking sedan has already been shown completely undisguised earlier this year. Kia will also introduce a sharp-suited K4 hatch that will come to the US as well as replace the Ceed in Europe.
Tuesday saw submissions from by Close Brothers and FirstRand Bank Wednesday saw more submissions from the two banks, and also the NFDA and submissions by by Hopcroft, Wrench and Johnson. Thursday saw further submissions by Hopcroft, Wrench and Johnson, the FCA and Close Brothers and FirstRand Bank.
It had been redeveloped over a three-year period for the introduction of the Bentayga in 2015, with faster-responding twin scroll turbos and cylinder deactivation on one bank of six to reduce consumption when the driver lifts or trails the throttle. Once installed and fired up, the 6.0-litre,
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